RB

Rob Bernshteyn

General Partner at ICONIQ Capital

San Mateo, California

Overview 

Rob Bernshteyn is currently a General Partner at Iconiq Growth and previously served as the CEO and Chairman of the Board of Directors at Coupa Software. He has a strong background in SaaS and enterprise software, with notable achievements including leading successful companies, making strategic investments in startups like Didero and MaintainX, and holding key roles at companies like SuccessFactors and Siebel Systems.

Work Experience 

  • General Partner

    2024 - Current

ICONIQ Capital is a privately-held investment firm that serves some influential families and organizations.

  • Chief Executive Officer & Chairman of the Board of Directors

    2009 - 2023

    • Delivered 14+ years of strong growth in customers, talent, revenue, cash flow, and equity value. • Uniquely positioned company in the creation of a new category of Business Spend Management applications for enterprises around the world, resulting in #1 Ranking from Forrester, Gartner, and IDC. • Developed a new set of innovative Artificial Intelligence (AI) powered offerings leveraging community data and smarter innovative ways of handling procurement, invoice, payments, and expense management processes. • Recruited World Class Management team as part of creating an inspired, execution-oriented, and results-focused company culture; operating globally across the US, EMEA, APAC, and Latin America. • Served as Chairman of the Board of Directors, and recruited a world class Board with utmost integrity and depth of relevant experience. • Facilitated the completion of 15 small to medium technology company M&A transactions, and drove their integration into the core business. • Coupa named Best Places to Work in the Bay Area by the San Francisco Business Times 4 times. • Coupa named one of the top 50 new companies by the Wall Street Journal. • Coupa named one of the top 25 Enterprises To Bet Your Career on by Business Insider. • Raised $7.5 Million in Series C funding, led by El Dorado Ventures in August, 2009 ($15M valuation). • Raised $12 Million in Series D funding, led by Mohr Davidow Ventures in February, 2011 ($30M valuation). • Raised $22 Million in Series E funding, led by Crosslink Capital in April, 2012 ($100M valuation). • Raised $40 Million in Series F funding, led by Meritech Capital in March, 2014 ($300M valuation). • Raised $80 Million in Series G funding led by ICONIQ Growth and T. Rowe Price in April, 2015 ($1B valuation). • Orchestrated successful Initial Public Offering (COUP) for Coupa on Nasdaq in October, 2016. • Optimized risk/value for public investors via ThomaBravo take-private ($8B valuation) in January 2023.

Coupa is a cloud platform for business spend that offers a fully unified suite of financial applications for business spend management.

Raised $219,000,000.00 from ICONIQ Growth, PremjiInvest, Battery Ventures, El Dorado Ventures, T. Rowe Price, Crosslink Capital and Rally Ventures.

  • VP, Global Product Marketing & Management

    2004 - 2009

    • Executive Management Team member; leading the Global Product Marketing, Global Product Management, and NEXTLabs Innovation groups. • Drove the positioning of Employee Performance Management as key priority within the Human Capital Management domain. • Helped drive 15x increase in revenue and 20x increase in valuation in 3 years leading to successful IPO. • Two time #1 Company MVP as voted by employees globally resulting in promotion to Executive Management Team. • Built the Product Marketing function and team from inception, taking over other functions in parallel with delivering measurable results for the company; as we grew from a few initial employees to 1,000+.

  • Director, Product Management

    2001 - 2004

    • Member of founding team tasked with defining overall strategy, determining product roadmap, and directing marketing efforts for the Siebel Employee Relationship Management (ERM) suite of applications. • Contributed to building Siebel ERM into the company’s fastest growing product, 2 years after launch. • Designed Siebel ERM modules and managed remote team of quality assurance and development engineers. • Developed the business by engaging alliance partners and ensuring successful ERM deployments. • Served as principal product executive on key sales opportunities.

Oracle is an integrated cloud application and platform services that sells a range of enterprise information technology solutions.

  • Associate

    1999 - 1999

    • Pre-MBA strategic consulting associate position. • Helping the Morgan Stanley Executive Team evaluate their global ecommerce strategy.

McKinsey Growth Tech serves leading growth stage tech players, venture capital, and growth private equity

  • Project Manager, Systems Integration Consulting (SAP Line of Business)

    1994 - 1999

    • Led a global team of consultants through a full 6 country SAP R/3 software development implementation at Alcatel Telecom out of Paris, France. • Selected by the partnership to develop and deliver the Global SAP Training program for Accenture out of Corporate HQ in Chicago, IL. • Created functional and technical specifications for enhancements to an existing SAP R/2 financial reporting system at M&M/Mars Incorporated; given proven ability in understand the SAP platform and ability to code in ABAP/4. • Designed system test scripts for the Paramount Publishing Royalties department systems integration project during highly coveted Accenture internship.

Accenture Ventures is a venture capital firm arm of Accenture, delivers innovative solutions with strategic partnerships and investments.

  • Founder/Partner – Sports Memorabilia Collectables Business

    1988 - 1994

    • Started and managed successful sports memorabilia business serving collectors throughout the East Coast. • Youngest licensed sports collectibles vendor and entrepreneur across competitive landscape of over 250 national distributors. • Funded undergraduate education in business and information systems via this venture.

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